Resideo Technologies Target of Unusually Large Options Trading (NYSE:REZI)

Resideo Technologies, Inc. (NYSE:REZI) was the target of some unusual options trading activity on Friday. Investors acquired 2,631 call options on the stock. This represents an increase of 617% compared to the average volume of 367 call options.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 4,477,919 shares of the company’s stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the acquisition, the insider owned 10,232,420 shares of the company’s stock, valued at approximately $228,489,938.60. This represents a 77.82% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have purchased 7,545,693 shares of company stock valued at $194,098,517 and have sold 136,021 shares valued at $4,091,809. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Resideo Technologies

Several large investors have recently bought and sold shares of REZI. Cetera Investment Advisers acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $867,000. ProShare Advisors LLC boosted its holdings in Resideo Technologies by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 44,036 shares of the company’s stock valued at $1,015,000 after purchasing an additional 13,556 shares during the period. Squarepoint Ops LLC purchased a new position in Resideo Technologies in the fourth quarter valued at $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Resideo Technologies by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 412,895 shares of the company’s stock valued at $9,517,000 after purchasing an additional 55,392 shares during the period. Finally, Vise Technologies Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at $242,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on REZI. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. Oppenheimer lifted their target price on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Resideo Technologies Stock Up 1.4%

Shares of REZI stock opened at $41.99 on Friday. Resideo Technologies has a 1-year low of $14.18 and a 1-year high of $42.99. The stock’s fifty day moving average price is $31.03 and its 200 day moving average price is $23.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. The company has a market cap of $6.25 billion, a price-to-earnings ratio of -7.69 and a beta of 2.24.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. On average, research analysts expect that Resideo Technologies will post 2.13 earnings per share for the current fiscal year.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.